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Hills Bank and Trust Company · 21 hours ago

Mortgage Processor 1

Coralville,IA,US

Full-time

Onsite

Entry Level

1+ years exp

Hills Bank and Trust Company is seeking a Mortgage Processor 1 to manage the documentation process for mortgage loan requests. The role requires strong organizational skills and the ability to communicate effectively with various stakeholders while ensuring compliance with regulatory standards.

Financial ServicesReal EstateVenture Capital

Responsibilities

Develops the ability to work independently and is able to prioritize workload, follow up regularly by phone/email, to meet all contingency and closing deadlines

Prepares and submits a complete loan file to underwriting for loan approval:

Acquires knowledge of Fannie Mae, investor, or in-house guidelines

Collects all required documentation for the loan and verifies accuracy between the documentation provided and information documented in Encompass. Investigates inconsistencies and corrects data entry errors

Organizes documents in Encompass

Resubmits file to Automated Underwriting Systems

Follows up and satisfies all conditions on the Approval Notice

Prepares approved file for submission to closing team:

Requests all payoffs, including but not limited to mortgages, credit cards, and auto loans

Requests homeowners insurance and reviews for accuracy in coverage amounts, mortgagee clause, effective dates, etc

Requests verbal verifications of employment for all borrowers

Orders and reviews all Risk Assessment/LLR for new debt and resolves issues that may arise

Prepares and deliver financing release letter by the contingency date. Coordinates with lender if an extension is required

Takes initiative, is resourceful and works to obtain proper information/documentation needed

Must take ownership and accountability in seeing that all loans are processed in an efficient, accurate and professional manner with some assistance from manager

Provides superior customer service while building and maintaining relationships with lenders, borrowers, realtors, third party vendors, and operational staff

Assure that all customer files are complete and in compliance with regulatory agencies and internal policies

Attend job related seminars, conferences and workshops to increase knowledge and proficiency

Perform other duties as assigned

Assists with resolving secondary market suspensions by following up on missing documentation in the file

Works with supervisor, lender, other departments, investors and auditors during routine exams and audits to compile the information necessary to satisfy the investor and auditor requests